Myanmar suffering slow-motion bank run, reports say

Central Bank of Myanmar
The Central Bank of Myanmar

Myanmar’s depositors continue to remove funds from commercial banks, despite caps on withdrawals and other efforts by the military government to contain outflows.

The withdrawals are occurring amid widespread protests against the armed forces, which seized power on February 1.

Radio Free Asia and Reuters have reported that the Central Bank of Myanmar is struggling to keep commercial banks adequately supplied with cash. Reuters stated that the CBM is not returning bank reserves to commercial

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